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Real Estate Market News
Risks in a Changing Market: Adapting Strategies for a Transforming Real Estate Landscape
Navigating the ever-evolving landscape of real estate demands astute observation and strategic planning, especially as indicators point toward an impending shift in the market. As we near the turn of the year, subtle yet significant changes are surfacing—a rise in inventory accompanied by a slower pace of sales, dwindling multiple offers, and increased renegotiations during escrow.
New Wildfire Disclosure Report
In Pacific Palisades, a region classified as a Very High Fire Hazard Severity Zone, the threat of wildfires looms large. Residents are continually encouraged to take proactive measures to safeguard their properties. Earlier this year, local fire department personnel conducted assessments of properties in brush areas, identifying those with excessive vegetation and urging owners to comply with clearance regulations. To address the need for a more systematic approach to assess property-specific wildfire risks, a groundbreaking tool called the “Wildfire Disclosure Report” has been introduced.
The Covid Years
The Palisades real estate market has defied expectations, with prices soaring despite higher interest rates and reduced loan-qualified buyers. Additionally, an intriguing shift has occurred, with a growing number of homeowners choosing off-market sales, particularly for higher-value homes. As the market continues to evolve amidst various factors, predictions remain uncertain. Stay tuned for updates.
Guide to Selling a Home
Sellers, Make a Good First Impression on Your House Showings
When you show your home, you’re trying to present it in the best possible light so buyers will be able to imagine themselves living there and be eager to buy.
Real Estate Current Value Observations
I am frequently asked how current economic and political conditions might impact the real estate market, and if we can learn lessons from the past to have a better perspective of likely future values. It is timely to be asking such questions and to consider previous periods of house price surges.
Guide to Buying a Home
Loan Shop Before Home Shop
The residential loan process has become tremendously challenging since 2008. Many escrows have been delayed or cancelled as a result of the numerous recent lender and appraisal restrictions that have impacted the loan process.
Get Pre-approved for a Home Loan Before You Home Shop
Before you can get serious about buying a home, you need to get pre-approved for a mortgage. The best time to get pre-approved is just before you start shopping for homes.
Senior Lifestyle Options
Alternative Lifestyles for Seniors
This is the sixth in a series of articles in answer to requests for more informational help with “downsizing” issues for seniors. The focus here is on determining what type of lifestyle they wish to have.
Seniors Deciding Where to Live Next
This is the fourth in a series of articles in answer to requests for more informational help with “downsizing” issues for seniors. The focus here is on getting started with the process in a systematic and gradual way.